Plan to increase the FPI limit on corporate bonds to 15% from 9%: Sitharaman
NEW DELHI: The government plans to increase the investment limit of () in corporate bonds from 9% to 15%, Finance Minister Nirmala Sitharaman said Saturday.
In her second budget presentation, the finance minister said that certain government securities will be open to foreign investors.
He also proposed negotiated debt exchange funds that mainly comprise government securities, while stating that Rs 22 billion rupees has already provided support for the infrastructure project portfolio.
To address the liquidity restrictions of NBFCs and housing finance corporations, the government will launch a partial credit guarantee scheme, he added.